Compare SBI Cashback and HDFC Millennia: eligible rewards, fee waivers, exclusions and lounge conditions. See dated issuer sources and a spending scenario.
Compare eligible spend, reward currency, exclusions and renewal-waiver conditions before choosing.
CASHBACK SBI Card is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹999 annually before GST.
Apply for SBI Cashback →
HDFC Bank Millennia is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹1,000 annually before GST.
Apply for HDFC Millennia →Issuer MITC link checked: SBI Cashback: 2026-10-29, HDFC Millennia: 2026-10-29 | No Sponsored Ranking. Issuer record checked: SBI Cashback: 2026-10-09, HDFC Millennia: 2026-10-11. Link checks confirm document availability, not a complete re-audit of every product rule.
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Illustration: equal eligible spending in each of 12 months / statement cycles, no refunds and no prior cap usage. Different merchant baskets may apply to each card; read both assumptions. Rewards are cash-equivalent estimates, not profit or guaranteed savings.
Eligible online purchases only; ₹2,000 per statement online cap. UPI network and excluded utility categories do not earn cashback in this model.
Online scenario means listed 5% merchants only. CashPoints valued at ₹1 for statement redemption; redemption fee, minimum balance and timing are excluded.
Excludes borrowing interest, redemption charges, extra transaction fees, vouchers, welcome gifts, lounge valuations, FX conversion and paid plans. Selecting Travel / Forex does not assume every travel booking is an overseas transaction. Waiver-eligible spend can differ from reward-eligible spend: this simplified scenario assumes all entered spend counts toward the displayed renewal threshold. Confirm the issuer's exact threshold boundary.
Not verified means unknown, not eligible or excluded. The sourced wording below distinguishes reward exclusions from waiver and lounge rules.
| Condition | CASHBACK SBI Card | HDFC Bank Millennia |
|---|---|---|
| Joining fee + GST | ₹999 + GST · ₹1,178.82 incl. GST | ₹1,000 + GST · ₹1,180.00 incl. GST |
| Renewal fee + GST | ₹999 + GST (waived on ₹2 lakh eligible annual spend) · ₹1,178.82 incl. GST before waiver | ₹1,000 + GST (waived on ₹1 lakh eligible annual spend) · ₹1,180.00 incl. GST before waiver |
| Annual spend for renewal waiver | ₹2,00,000.00 | ₹1,00,000.00 |
| Base and accelerated rewards; caps | 5% online and 1% offline cashback on eligible purchases Online cashback capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle; combined maximum ₹4,000. No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. Flexipay and merchant EMI transactions do not earn cashback. | 5% CashBack Points on eligible partner merchants and 1% on other eligible spends 5% CashBack Points on eligible partner merchants and 1% on other eligible spends; issuer caps, exclusions and redemption rules apply. |
| Domestic/international lounges and spend conditions | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Forex markup (+ applicable GST) | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Annual interest rate | Not verified; consult the linked issuer MITC and your personal offer. | Not verified; consult the linked issuer MITC and your personal offer. |
| UPI Scan & Pay | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Utility bills & telecom | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Insurance premiums | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Government / NPS / tax payments | Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Fuel & rent | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Gold / jewellery | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| School / education | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Official issuer MITC / reward documents | Issuer MITC PDF Issuer benefit / terms PDF Issuer benefit / terms PDF | Issuer MITC PDF Issuer benefit / terms PDF |
Compare eligible spend, reward currency, exclusions and renewal-waiver conditions before choosing.
SBI Cashback: ₹999 + GST (waived on ₹2 lakh eligible annual spend); renewal threshold ₹2,00,000.00. HDFC Millennia: ₹1,000 + GST (waived on ₹1 lakh eligible annual spend); renewal threshold ₹1,00,000.00.
SBI Cashback: Not verified in the maintained record. Check the linked issuer terms. HDFC Millennia: Not verified in the maintained record. Check the linked issuer terms.
The answer depends on eligible merchants, payment app, caps and reward redemption. Use a modelled scenario only where both cards have verified inputs. Unknown categories are not treated as zero rewards.
A secured or no-annual-fee card may be worth checking. These are not guaranteed or statistically high-approval offers. KYC, deposit, income and issuer conditions still apply.
No annual fee
Subject to issuer availability and approval.
Requires a fixed deposit with the issuer; approval is subject to its conditions. Resident applicants require a minimum ₹20,000 eligible fixed deposit.
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No annual fee; currently offered lifetime-free; confirm acquisition eligibility
Subject to issuer availability and approval.
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